Rhoades Corp. is a law firm. They continue to bring on new associates because they continue to attract new clients and cases. Their accounting department compiled the following information for the three years they have been in operation: What is the average revenue for Years 1 to 3?
A) $48,413
B) $250,119
C) $298,532
D) $305,877

Question

Rhoades Corp. is a law firm. They continue to bring on new associates because they continue to attract new clients and cases. Their accounting department compiled the following information for the three years they have been in operation:  What is the average revenue for Years 1 to 3?
A) $48,413 
B) $250,119 
C) $298,532 
D) $305,877

Quizplus · Accepted Answer

This question requires familiarity using Excel to calculate certain numbers. To calculate this value for each year, you need to use the AVERAGE function in Excel. In cell E2, enter "=AVERAGE(B2:D2)" to get a value of $305,877 (Choice D). The remaining choices are incorrect.